$45M Streams Into Roku

July 27, 2012

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Roku Box

Streaming player maker Roku has raised a massive $45 million round from return backers Menlo Ventures and Globespan Capital Partners, along with new investors British Sky Broadcasting and News Corporation. Previously, the company never raised more than $10 million at once, but bagged about $27.4 million over four rounds prior to the latest $45 million infusion. For the Roku uninitiated, the company's device connects to your TV and WiFi network to instantly stream video, music and games.